Automotive Camera Market Introduction
Now a days, technologically advanced cameras are being increasingly used in various types of vehicles to enhance passenger safety. Further, innovations in automotive sector to enhance vehicle performance and passenger comfort is increasing uptake of next generation systems and accessories to be deployed in four wheelers and commercial vehicles. Prominent automobile manufacturers are concentrating on developing and adding semi-autonomous and fully autonomous features using multi-view camera system. In past few years, application of this camera system was limited to luxury vehicles, however, with advancements in technology cost of multi camera is reducing and is being used in other passenger cars and commercial vehicle variants. Such factors are projected to propel growth of the automotive camera industry in near future.
Rising adoption of automotive safety systems and equipment is boosting growth of the global automotive camera market. Further, technological advancements and innovations in camera-based driver assistance systems is projected to fuel growth of the market across the globe during the forecast period. Additionally, increasing sale of passenger cars, luxury vehicles, and growing consumer awareness regarding passenger safety is driving the global automotive camera market growth. However, high cost associated with implementation of multi-view camera increases overall vehicle cost. This, in turn, is hampering the expansion of global automotive camera market size across Asia Pacific, Latin America, and Africa due to large presence of price sensitive consumers. In contrast, introduction of favourable government regulations is expected to open opportunity window for major players operating in the global automotive camera market.
The global automotive camera market has been analysed based on various segments such as camera type, view type, vehicle type, and region. Based on camera type, the market has been classified into single view system and multi-view system. The global automotive camera market has been bifurcated based on view type into infrared camera, digital camera, and thermal camera. By vehicle type, the automotive camera market is segmented into passenger cars, economy vehicle, light commercial vehicle, heavy commercial vehicle, and luxury vehicle. Major regions such as North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, and Middle East & Africa have been analysed in the global automotive camera industry report. Among these regions, North America was the largest regional market in 2018, however, the automotive camera market in Asia Pacific is projected to witness fastest CAGR during the forecast period, 2019-2024.
Automotive Camera Market Competitive Landscape
Key companies identified in the global automotive camera market are Robert Bosch, Aptiv PLC, Continental AG, Valeo, Autoliv Inc., Intel (Mobileye), Ficosa International S.A., Samvardhana Motherson Reflectec, Clarion Technologies, DENSO Coporation, AEI, Magna International, and Ambarella Inc. These companies are focused towards investing substantial amount and time on developing and upgrading vehicle cameras to enhance safety of passengers. This help companies to improve their sales and expand customer base. Further, acquisitions, mergers, and collaborations with technology companies are other major strategies followed by leading players operating in the global automotive camera industry.
Major Regions/Countries include:
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on automotive camera market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.